Search results
Results From The WOW.Com Content Network
The economic stimulus plan was seen as a success: While China's economic growth fell to almost 6% by the end of 2008, it had recovered to over 10% by in mid-2009. Critics of China's stimulus package have blamed it for causing a surge in Chinese debt since 2009, particularly among local governments and state-owned enterprises.
China's massive stimulus was also an important contributor to overall global recovery. [174]: 34 In addition to helping stabilize the global economy, China's stimulus and also provided an opportunity for China to retool its domestic infrastructure. [175] During the 2008 global financial crisis, the BSE Sensex experienced a sharp decline.
Several major U.S. economic variables had recovered from the 2007-2009 Subprime mortgage crisis and Great Recession by the 2013-2014 time period. The recession officially ended in the second quarter of 2009, [3] but the nation's economy continued to be described as in an "economic malaise" during the second quarter of 2011. [80]
One of the country’s most prominent economists, who was ejected from its social media platforms for his bearish predictions about the economy, thinks it might take 10 years to fix.
Last week, I wrote that "most of what was expected to shape the past 30 years never happened, and what did shape the past 30 years was never expected." We live in an unpredictable world, but this ...
In 2015, Stratfor published a decade forecast for 2015 to 2025, which revised the predictions on China and Russia made in the book. Rather than the Russian government completely collapsing, it envisioned that the Russian government would lose much of its power, and the country would gradually fragment into a series of semi-autonomous regions.
The 2008–2010 automotive industry crisis formed part of the 2008 financial crisis and the resulting Great Recession. The crisis affected European and Asian automobile manufacturers, but it was primarily felt in the American automobile manufacturing industry. The downturn also affected Canada by virtue of the Automotive Products Trade ...
Continued economic growth during the crisis increased China's confidence in its model of development and convinced elites that the global balance of power was shifting. [32]: 78–79 The crisis led Chinese policymakers increasingly to question reliance on U.S.-led global markets and the U.S.'s role in international leadership. [37]: 35